Question 1

A data file that is electronically sent to the customer's computer when other requested materials are downloaded from a Web site is known as

Accepted Answer

A)  a cookie. 
B)  a saucer. 
C)  an inverted collector. 
D)  a contact signature. 
A)  a cookie. 
B)  a saucer. 
C)  an inverted collector. 
D)  a contact signature.

Question 2

A code of ethics becomes increasingly appropriate and necessary as a small business

Accepted Answer

A)  expands its credit sales and acquires more customers who buy on credit. 
B)  begins to market products in other countries. 
C)  grows larger, with a consequent lessening of the owner's personal influence. 
D)  increases borrowing to the extent that one-third of its assets are financed by borrowing. 
A)  expands its credit sales and acquires more customers who buy on credit. 
B)  begins to market products in other countries. 
C)  grows larger, with a consequent lessening of the owner's personal influence. 
D)  increases borrowing to the extent that one-third of its assets are financed by borrowing.

Question 3

Income-tax cheating by small business is sufficiently widespread to be recognized as a general problem.

Accepted Answer

A) True 
 B)False

Question 4

What are some important social responsibilities of small businesses?

Accepted Answer

Small firms, as well as large ones, have

Question 5

Temptations and pressures to act unethically are such that small firms are

Accepted Answer

A)  less vulnerable than large firms. 
B)  more vulnerable than large firms. 
C)  as vulnerable as large firms. 
D)  not subject to the temptations and pressures facing large firms. 
A)  less vulnerable than large firms. 
B)  more vulnerable than large firms. 
C)  as vulnerable as large firms. 
D)  not subject to the temptations and pressures facing large firms.

Question 6

Describe the five fundamental principles that an ethics policy should address.

Accepted Answer

Purpose. The vision for the company and

Question 7

Stakeholders in a business are made up of which of the following:

Accepted Answer

A)  owners (stockholders) 
B)  customers 
C)  employees 
D)  all of the above 
A)  owners (stockholders) 
B)  customers 
C)  employees 
D)  all of the above

Question 8

Many entrepreneurs feel a duty to give back to the community which supports them, but they usually gain benefits from the increased goodwill as a result.

Accepted Answer

A) True 
 B)False

Question 9

The ethical influence of a leader of a small business is

Accepted Answer

A)  relatively minor. 
B)  overpowered by profit concerns of stockholders. 
C)  less important than the views of others within the firm. 
D)  more pronounced than that of a leader of a large corporation. 
A)  relatively minor. 
B)  overpowered by profit concerns of stockholders. 
C)  less important than the views of others within the firm. 
D)  more pronounced than that of a leader of a large corporation.

Question 10

Showing proper appreciation for subordinates as valuable members of the team is an essential ingredient of _____ integrity

Accepted Answer

A)  environmental 
B)  educational 
C)  managerial 
D)  relative 
A)  environmental 
B)  educational 
C)  managerial 
D)  relative

Question 11

Small businesses that practice skimming of income are acting unethically and illegally.

Accepted Answer

A) True 
 B)False

Question 12

A person selling 2nd grade flooring as 1st grade flooring is engaging in ethical business practices.

Accepted Answer

A) True 
 B)False

Question 13

Small firm owners may be tempted to rationalize bribery as a way of offsetting what seems to be a competitive disadvantage.

Accepted Answer

A) True 
 B)False

Question 14

Alicia Polak moved to South Africa to create jobs in the poor townships outside Capetown. This is "entrepreneurial activity with an embedded social purpose" which Harvard researchers would define as

Accepted Answer

A)  sustainable entrepreneurship. 
B)  ethical relativism. 
C)  social entrepreneurship. 
D)  ethical imperialism. 
A)  sustainable entrepreneurship. 
B)  ethical relativism. 
C)  social entrepreneurship. 
D)  ethical imperialism.

Question 15

Without a strong commitment to integrity on the part of small business leadership, ethical standards can easily be compromised.

Accepted Answer

A) True 
 B)False

Question 16

Marc Katz is an example of

Accepted Answer

A)  how an employee's integrity can contribute to a business's success. 
B)  how an entrepreneur's integrity contributes to a business's success. 
C)  how a customers' lack of integrity can affect the operations of a firm. 
D)  how an entrepreneur's lack of integrity can cause a business failure. 
A)  how an employee's integrity can contribute to a business's success. 
B)  how an entrepreneur's integrity contributes to a business's success. 
C)  how a customers' lack of integrity can affect the operations of a firm. 
D)  how an entrepreneur's lack of integrity can cause a business failure.

Question 17

The Seahorse Power Company was founded in 2003 to develop, manufacture, and sell innovative energy-efficient products. The company's flagship product is the

Accepted Answer

A)  Segway. 
B)  Green Electric Generator. 
C)  Big Belly Solar Compactor. 
D)  StarRotor Engine. 
A)  Segway. 
B)  Green Electric Generator. 
C)  Big Belly Solar Compactor. 
D)  StarRotor Engine.

Question 18

Unlike employees in small firms, those who work for large corporations face pressure from various sources to act in ways that conflict with their own sense of what is right and wrong.

Accepted Answer

A) True 
 B)False

Question 19

The John E. Long family was charged by the IRS with income tax fraud for failing to record the cash they collected for admission to their country folk art shows. This illegal practice is known as _____.

Accepted Answer

A)  cash diversion 
B)  gunkholing 
C)  skimming 
D)  mattress-stuffing 
A)  cash diversion 
B)  gunkholing 
C)  skimming 
D)  mattress-stuffing

Question 20

Entrepreneurs who do not behave in a way consistent with the noble values, beliefs, and principles they claim to hold are said to be compromising their integrity.

Accepted Answer

A) True 
 B)False

Exam 2: Entrepreneurial Integrity and Ethics

A data file that is electronically sent to the customer's computer when other requested materials are downloaded from a Web site is known as

A code of ethics becomes increasingly appropriate and necessary as a small business

Income-tax cheating by small business is sufficiently widespread to be recognized as a general problem.

What are some important social responsibilities of small businesses?

Temptations and pressures to act unethically are such that small firms are

Describe the five fundamental principles that an ethics policy should address.

Stakeholders in a business are made up of which of the following:

Many entrepreneurs feel a duty to give back to the community which supports them, but they usually gain benefits from the increased goodwill as a result.

The ethical influence of a leader of a small business is

Showing proper appreciation for subordinates as valuable members of the team is an essential ingredient of _____ integrity

Small businesses that practice skimming of income are acting unethically and illegally.

A person selling 2nd grade flooring as 1st grade flooring is engaging in ethical business practices.

Small firm owners may be tempted to rationalize bribery as a way of offsetting what seems to be a competitive disadvantage.

Alicia Polak moved to South Africa to create jobs in the poor townships outside Capetown. This is "entrepreneurial activity with an embedded social purpose" which Harvard researchers would define as

Without a strong commitment to integrity on the part of small business leadership, ethical standards can easily be compromised.

Marc Katz is an example of

The Seahorse Power Company was founded in 2003 to develop, manufacture, and sell innovative energy-efficient products. The company's flagship product is the

Unlike employees in small firms, those who work for large corporations face pressure from various sources to act in ways that conflict with their own sense of what is right and wrong.

The John E. Long family was charged by the IRS with income tax fraud for failing to record the cash they collected for admission to their country folk art shows. This illegal practice is known as _____.

Entrepreneurs who do not behave in a way consistent with the noble values, beliefs, and principles they claim to hold are said to be compromising their integrity.

The Entrepreneurial Life

Getting Started

Franchises and Buyouts

The Family Business

The Business Plan: Visualizing the Dream

The Marketing Plan

The Human Resources Plan: Managers, Owners, Allies, and Directors

The Location Plan

Understanding a Firms Financial Statements

Forecasting Financial Requirements

A Firms Sources of Financing

Planning for the Harvest

Building Customer Relationships

Product and Supply Chain Management

Pricing and Credit Decisions

Promotional Planning

Global Opportunities for Small Business

Professional Management in the Entrepreneurial Firm

Managing Human Resources

Managing Operations

Managing the Firms Assets

Managing Risk in the Small Business

Filters

A person selling 2^nd grade flooring as 1^st grade flooring is engaging in ethical business practices.